Sainsbury's news and archive

Sainsbury's ends Argos sale talks with JD.com

Sainsbury's has announced it has ended discussions with JD.com regarding a potential sale of its Argos business. The decision comes after the Chinese e-commerce giant proposed "materially revised" terms and commitments that Sainsbury's concluded were not in the best interests of its shareholders, employees, and other stakeholders. Argos, which...

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Sainsbury's Q1: Tu Clothing outperforms with 8 percent sales increase

Sainsbury's has reported a robust start to its financial year, with total retail sales (excluding fuel) up 4.9 percent in the 16 weeks to June 21, 2025. This strong performance was underpinned by significant gains in its grocery division and a notable surge in its clothing arm, Tu Clothing. Tu Clothing sales saw an 8 percent year-on-year growth,...

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Sainsbury’s clothing sales grow amid ongoing transformation

Supermarket giant Sainsbury’s has reported a growth in its clothing sales for the year ended 1 March 2025, as its ongoing Next Level transformation plan continues to roll out. The category’s sales, which includes that of its own brand Tu Clothing, rose 2.9 percent over the year, driven by a 12.3 percent uptick in the fourth quarter. The company...

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Sainsbury’s names former M&S chief as non-executive director

British supermarket chain Sainsbury’s has appointed Katie Bickerstaffe, former Marks and Spencer co-chief executive, as a non-executive director. In a statement, Sainsbury’s said that Bickerstaffe would be a member of the Corporate Responsibility and Sustainability Committee and the Nomination and Governance Committee. Bickerstaffe is a highly...

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Sainsbury’s to cut 3,000 jobs in continued ‘Next Level’ strategy

Supermarket giant Sainsbury’s has announced plans to reduce its headcount by over 3,000 roles, including a 20 percent reduction in senior management roles. The move comes as part of its continued ‘Next Level’ strategy, a three-year initiative initially launched in 2023 with the mission of simplifying central divisions and management structure....

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Sainsbury’s clothing sales improve by 2.2 percent

For the third quarter, total sales at Britain's supermarket group Sainsbury’s increased by 3.7 percent and sales over the Christmas period increased by 3.8 percent, while like-for-like sales increased by 2.8 percent. The company said in a release that while general merchandise and clothing sales were down 0.1 percent, clothing sales grew by 2.2...

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Sainsbury’s Tu partners with dancer Oti Mabuse

Tu Clothing from supermarket Sainsbury’s has partnered with broadcaster, author and world champion dancer Oti Mabuse, best known for her time as a professional dancer on BBC’s Strictly Come Dancing, to launch a collection of activewear and luxe loungewear for its Reaktiv brand. Mabuse’s debut collection launches today, January 3, and features 67...

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Sainsbury’s clothing sales grow in H1 driven by summer uptick

Supermarket giant Sainsbury’s has welcomed modest growth for its clothing brand Tu, despite general merchandise and clothing sales declining 1.5 percent in the first half of the current financial year. In the 28 weeks ended 14 September 2024, the retailer’s Tu Clothing range welcomed a 1.3 percent increase in sales, benefitting from a stronger...

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Sainsbury’s urges government to cut business rates to boost jobs

Supermarket chain Sainsbury’s has teamed up with the Union of Shop, Distributive and Allied Workers (USDAW), which represents 148,000 of its staff, to urge the new government to deliver on its promise to reform business rates. In a statement, Simon Roberts, the boss of Sainsbury’s said the business rates system was "no longer fit for purpose"...

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Sainsbury’s Q1 sales rise but clothing drops as ‘food first’ plan comes to head

Months after implementing a strategy that placed food back at the forefront of its focus, it appears that the plan is beginning to pay off for Sainsbury’s. In the supermarket giant’s latest Q1, for the 16 weeks to June 22, 2024, it reported a year-on-year sales growth of 4.2 percent for its own stores, while total retail sales (excluding fuel)...

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Sainsbury's posts 6.4 percent decline in clothing sales

In a preliminary results statement for the full year, J Sainsbury said group sales increased 3.4 percent to 36.3 billion pounds including retail sales increase of 6.8 percent, grocery sales growth of 9.4 percent, general merchandise sales increase of 1.2 percent and clothing sales decline of 6.4 percent. The company said in a release that Tu...

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Q1 of 2024 marked by series of job cuts

The first quarter of the year has outlined the tough reality of the current market, with last year’s challenging financial period leaving many companies with no option but to initiate strategic reviews. And, as part of this process, inevitably the question of jobs comes into play, with roles, departments and geographies coming under the...